document.write( "Question 255130: A total of $15,000 is invested in two corporate bonds that pay 5% and 7% simple annual interest. The investor wants to earn $880 in interest per year from bonds. How much should be invested in each bond? \n" ); document.write( "
Algebra.Com's Answer #187461 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! .07X+.05(15,000-X)=880 \n" ); document.write( ".07X+750-.05X=880 \n" ); document.write( ".02X=880-750 \n" ); document.write( ".02X=130 \n" ); document.write( "X=130/.02 \n" ); document.write( "X-6,500 IS INVESTED @ 7%. \n" ); document.write( "15,000-6,500=8,500 IS INVESTED @ 5% \n" ); document.write( "PROOF: \n" ); document.write( ".07*6,500+.05*8,500=880 \n" ); document.write( "455+425=880 \n" ); document.write( "880=880 \n" ); document.write( " |